0 Tallwood Way

Bayville, NJ 08721

Bypass years of costly municipal engineering, environmental review, and unpredictable zoning boards. This expansive 4.452-acre parcel (Block 1409, Lot 3.06) sits strategically within Bayville's HB (Highway Business) and R-100 (Residential) zones. The site has secured complete, final approvals for a 24-unit apartment building, eliminating all entitlement risk. Development logistics are heavily optimized as all major utilities are already available at the street, saving significant off-site connection costs and acceleration delays. The approved project features a diverse, highly marketable unit mix designed to capture maximum local demand. To elevate tenant retention and drive premium rental rates, the site layout explicitly features a dedicated Resident Storage Area and a private Recreati Area. Offered at $1,650,000, this is a premier asset for a developer looking to deploy capital and break ground immediately in a strong Ocean County rental market. Approved Project & Unit Mix " Total Density: 24 Residential Units " Approved Unit Breakdown: o 12 Two-Bedroom Units (Premium units for small families, downsizers, or roommates) o 9 One-Bedroom Units (High-demand layout for young professionals and couples) o 3 Studio Units (Efficient, entry-level layouts maximizing per-square-foot revenue) " Resident Storage Area: Approved on-site storage infrastructure to generate additional monthly ancillary income. " Recreation Area: Approved community amenity space to satisfy local planning standards and elevate property lifestyle appeal. Strategic Location & Infrastructure Advantages " Utilities at Street: All necessary public utilities are ready at the curb for immediate connection. " HB & R-100 Zoning: Uniquely positioned across the Highway Business and Residential zones, bridging commercial convenience with neighborhood appeal. " Transit Access: Located minutes from the Garden State Parkway, offering seamless northbound and southbound travel for regional commuters. " Business District Proximity: Steps from the heart of the Bayville Business District along the Route 9 commercial corridor, giving residents immediate access to retail shopping, major grocery stores, and local dining. " Generous 4.452-Acre Footprint: Provides ample space for efficient construction staging, generous parking ratios, required stormwater management, and buffered landscaping. Investment Highlights " Zero Entitlement Risk: Rare opportunity to purchase pre-approved land of this scale in South Jersey. Save hundreds of thousands in carrying costs and engineering fees. " High-Performance Submarket: Capitalize on Ocean County's low vacancy rates and strong, upward rental pressure.

Listing courtesy of Michael Mabie of Keller Williams Preferred Properties,Bayville



Properties marked with this logo are courtesy of the Monmouth Ocean Regional MLS. Data deemed reliable but not guaranteed. Monmouth Ocean Regional REALTORS ®